$4,572 Closing Credit*
$385,000
3,846 SqFt
6 Beds
•4 Full Baths
Listing Office: Real Estate Masters, Ltd.
Is Pine County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Pine County has remained a Seller's Market.
Key Takeaway
Pine County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pine County, MN
How much do homes in Pine County, MN cost?
Median Sold Price
$280,953
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$21,503(+8.3%)
Key Takeaway
Homes in Pine County have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Pine County was $280,953 in November 2024, up 8.3% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.5K | $92.5K | -24.5% |
| 2 Bedrooms | $241K | $236.4K | -1.9% |
| 3 Bedrooms | $265K | $292.5K | +10.4% |
| 4 Bedrooms | $360.5K | $350K | -2.9% |
| 5+ Bedrooms | $420K | $395K | -6.0% |
Summary: Pine County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.5%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 10.4%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 6%.
Median Sold Price Compared To Nearby Counties
| Kanabec County | $249.9K | $280K | +12.0% |
| Carlton County | $255K | $282.2K | +10.7% |
| Douglas County | $215.4K | $235K | +9.1% |
| Pine County | $259.4K | $280.9K | +8.3% |
| Burnett County | $274.5K | $287K | +4.6% |
Housing Supply in Pine County, MN
How many homes are available in Pine County, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 170 | 155 | -8.8% |
Summary: The Pine County real estate market had 155 homes for sale in November 2024, a 8.8% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 54 | 51 | -5.6% |
| 3 Bedrooms | 56 | 57 | +1.8% |
| 4 Bedrooms | 39 | 27 | -30.8% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Pine County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes increased by 1.8%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 29 | -38.3% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pine County, you may be able to get a good deal. 62.1% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Pine County in November 2024, down by 38.3% month-over-month. Of the 29 sold homes, 62% were sold under asking, 14% were sold at asking, and 24% were sold over asking.
Days on Market for Pine County, MN
How long does it take to sell a home in Pine County, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 35 Days | -3.4% |
Summary: Homes in Pine County had an average of 35 days on market in Nov 2024, down by 3.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pine County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 29 homes were sold in Pine County; 55% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
